E-tail giant Amazon.com (NAS: AMZN) has now announced that it is reducing prices on cloud computing services in its Amazon Web Services division. Instances of Microsoft Windows running on its Elastic Cloud Compute, or EC2, service will receive the price cuts of up to 26% as Amazon continues to reduce costs and pass those savings on to customers.
Amazon has a long history of reducing AWS pricing. In its last earnings release, the company noted that AWS has lowered prices 24 times since launching in 2006, with 10 price reductions in 2012 alone.
At the same time, rival Google (NAS: GOOG) similarly said it would lower prices for its Google Compute Engine, nine months after launching the service. Google is dropping prices by 4% across all Compute Engine pricing. Additionally, the search giant has expanded availability and added new features.
It's incredible to think just how much of our digital and technological lives are almost entirely shaped and molded by just a handful of companies. Find out "Who Will Win the War Between the 5 Biggest Tech Stocks?" in The Motley Fool's latest free report, which details the knock-down, drag-out battle being waged by the five kings of tech. Click here to keep reading.
The article Amazon and Google Cut Cloud Computing Prices originally appeared on Fool.com.
Fool contributor Evan Niu, CFA, has no position in any stocks mentioned. The Motley Fool recommends and owns shares Amazon.com and Google. It also owns shares of Microsoft. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.